I wrote this in my notes app when I became aware of ledger library exploit. All this writing was spontaneous, and you should definitely heed it.
Crypto is wild west. Scams/hacks, all the new ways to get compromised never ceases to amaze me. Yet, it remains one of fastest way to build one's portfolio, once you have made enough, secure it, diversify in real estate, gold, etc.
You could having million dollars worth crypto in your wallet and next moment, puff it's gone.
Thank you.
Normal for us to take precaution on everything on crypto since there's a lot of negative possibilities happening here that's why its really advisable if we don't store a millions worth of asset especially if we are dealing any platform which keys is not under our control since hacking is huge chance to happen. If keys is under our control still its fine but the second issue is the volatility that's why we need to choose which coin we are going to hold so that instead getting worries about it can turn into positive since we could have huge chance to gain especially if the price of the coin we hold experiencing a bull run condition.